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Forex pairs in this Article » EUR/USD (Barcelona) - Nomura Strategist Saeed Amen has taken a look at EURUSD from a purely technical perspective.

Looking at a daily chart, Amen notes that spot is lower on the week and he is retaining his bearish view. He comments that RSI (14) has continued to fall, suggesting that it has yet to reach a low. Bollinger Bandwidth is also falling, indicating a continuation of range-bound trading. However, he writes, ", our target is relatively close and we would expect a bounce once it is reached, because of the speed of the downward move. Our target is 1.2950 (just below lower Bollinger band)."
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